ProMat 2015, slated to be held March 23-26, will feature more than 800 exhibits and include a comprehensive educational conference. The event, held at the McCormick Place South, will offer an array of products to increase productivity in your operations. Here’s a guide to many of them.

In today's supply chain, the only constant is change.
Our white paper 'Change Your Perspective: Four Keys to Effectively Adapting to Rapid Change in the Distribution Center Environment' provides key insights on not only adapting to trends, but which trends will enable you to achieve running the warehouse of the future.

During this Webcast you'll learn how the latest generation of robotics systems, which incorporate vision, mobility, autonomous navigation, complex manipulation and motion control, can be used in a wide variety of appliations such as picking, placing, order fulfillment, palletizing, depalletizing, loading, unloading and many other areas.

The Institute of Supply Management (ISM) reported that manufacturing activity in August was up slightly compared to July.

The index the ISM uses to measure the manufacturing sector, or PMI, was 56.3% in August, which is up from 55.5% in July. Any reading that is 50 or better represents economic growth. August represents the 13th consecutive month that the PMI is more than 50, coupled with the overall economy on a growth track for 16 straight months.

“Manufacturing activity continued at a very positive rate in August as the PMI rose slightly when compared to July,” said Norbert J. Ore, chair of the ISM’s Manufacturing Business Survey Committee, in a statement. “In terms of month-over-month improvement, the Production and Employment Indexes experienced the greatest gains, while new orders continued to grow but at a slightly slower rate. August represents the 13th consecutive month of growth in U.S. manufacturing.”

Notable readings from the August report include: New Orders at 53.1 (down 0.4% from July); Production at 59.9 (up 2.9%from July); Employment at 60.4 (up 1.8% from July); Inventories at 51.4 (up 1.2% from July); and Price at 61.5 (up 4.0% from July).

In an interview with Modern, Ore said it was somewhat surprising to see an uptick in the August PMI.

“Much of the expectation was that it would be down a couple of points based on the consensus from economists,” said Ore. “The reality is we have gone through a period where manufacturing has focused on productivity by lowering employment, lowering inventories, reducing investment and shutting down capacity. Manufacturing was growing at two-to-three times the rate of the rest of the economy. This [PMI reading] is showing some additional strength in the manufacturing sector. We are still looking strong as far as imports and exports are concerned, and automotive is holding up fairly well.”

Holding things back is a stalled out housing market, which would have kept manufacturing at a pace ahead of the rest of the economy, said Ore. But, instead manufacturing is going to slowly look like the rest of the economy in terms of the rate of growth, he said.

But that slowdown may not be around the corner just yet, as 11 of the 18 industries that report into PMI reported growth in August, which is reflective of a manufacturing sector holding up fairly well during a difficult time.

“Some of the strength is coming from inventory replenishment, where companies have been very reluctant to replace inventory and finally decided to take some cash they have built up and put it into some additional inventory, because they think things are going to hold up OK,” said Ore.

Another factor weighing on future manufacturing expansion is the high level of unemployment in the U.S., which has a direct effect on consumer spending levels. And with consumers on the sidelines to such a large extent, a reduction in unemployment is the only thing likely to spur consumer spending.

But the prospects for this coming from manufacturing are dim, said Ore, as an increase in manufacturing jobs is not likely to yield a huge number. Instead, these jobs are going to have to originate from other sectors.

What’s more, the Department of Commerce’s recently revised downward second quarter GDP estimate of 1.6%—from 2.4%—portends more difficult times may be head.

Ore explained that the August PMI of 56.3 equates to a 4.8% GDP.

“If the overall economy is growing at 1.6%, that means manufacturing is growing three times faster than the rest of the economy,” he said. “That won’t continue unless the rest of the economy begins to take off. What we will see is manufacturing begin to come down as it won’t continue to outpace the rest of the economy.”

About the Author

Jeff BermanGroup News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff joined the Supply Chain Group in 2005 and leads online and print news operations for these publications. In 2009, Jeff led Logistics Management to the Silver Medal of Folio’s Eddie Awards in the Best B2B Transportation/Travel Website category. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. If you want to contact Jeff with a news tip or idea,
please send an e-mail to .(JavaScript must be enabled to view this email address).

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In today's supply chain, the only constant is change.
Our white paper 'Change Your Perspective: Four Keys to Effectively Adapting to Rapid Change in the Distribution Center Environment' provides key insights on not only adapting to trends, but which trends will enable you to achieve running the warehouse of the future.